Delhivery Grants 52,600 Stock Options

Delhivery Limited announced that its Nomination and Remuneration Committee has approved the grant of 52,600 stock options under its ESOP 2012 plan to eligible employees. The options are exercisable at ₹1 per share. Vesting will occur over a period of 4 years, with 10% vesting after 12 months, 30% after 24 months, and the remainder vesting at 15% every six months thereafter. The shares issued upon exercise will rank pari passu with existing equity shares and will not be subject to a lock-in period.